District Metals Inc. (TSX-V: DMX) is making significant strides in 2025 with the recent announcement of the Swedish government’s plan to lift the uranium mining moratorium. The company owns 100% of the Viken deposit, a large undeveloped alum shale project with an average grade of just under 0.02% U3O8 and 0.3% V2O5.
The Swedish Government’s inquiry report, released in December 2024, outlines the plan to remove the ban on uranium mining in the Environmental Code and classify uranium as a concession mineral under the Swedish Minerals Act. The proposed legislative changes are set to take effect by January 1, 2026.
District Metals is included in the list of referral bodies invited to provide comments on the inquiry report into lifting the uranium moratorium during the written consultation period, which began on December 20, 2024, and will continue until March 20, 2025.
The company’s strong working capital position of over C$5M and the lifting of the uranium mining moratorium in Sweden are expected to drive District Metals’ success in 2025. The company’s market capitalization currently sits at approximately C$53M, but with the proposed lifting of the moratorium, more attention will turn towards uranium projects in Sweden, potentially increasing the company’s value.
